What were some of your most satisfying successes of the past year, and why? In FTX Trading, we are proud of how we performed under extraordinary pressure in a situation where we had to move quickly without having access to all the relevant information. On top of these challenges, we had to fend off attacks against Sullivan & Cromwell itself. Former CEO Sam Bankman-Fried, four U.S. Senators and, ironically, FTX’s former chief risk officer claimed that Sullivan & Cromwell’s representation of FTX presented a conflict of interest, given our prior limited work for FTX. The U.S. Trustee also cited this reason when he asked for an examiner to lead the investigation of FTX’s downfall. Against this opposition, we stood our ground, and our transparency and extraordinary efforts—and the support of FTX CEO John Ray—persuaded the court to reject the U.S. Trustee’s motion and the criticism leveled by others.

What qualities make a great dealmaker? Great dealmakers have a plan for the ultimate end state, and make short-term decisions consistent with the end state they want to achieve. They also are ready to change goals as the facts change, seizing opportunities for incremental improvements. They know that, although not all details matter, some details really do. And just as important, they surround themselves with great teams that execute impeccably well.

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